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Silex Systems Limited ( (AU:SLX) ) just unveiled an announcement.
Silex Systems Limited has announced a Share Purchase Plan (SPP) aiming to raise up to $15 million, with the potential to increase to $20 million at the discretion of the board. This initiative is designed to offer continuously quoted securities to eligible shareholders in Australia and New Zealand, excluding those in the United States, without the need for a prospectus. The SPP allows shareholders to purchase shares potentially at a lower price than the market rate, although they are advised to seek independent financial advice due to the irrevocable nature of the application.
The most recent analyst rating on (AU:SLX) stock is a Buy with a A$6.21 price target. To see the full list of analyst forecasts on Silex Systems Limited stock, see the AU:SLX Stock Forecast page.
More about Silex Systems Limited
YTD Price Performance: -23.76%
Average Trading Volume: 1,255,018
Technical Sentiment Signal: Hold
Current Market Cap: A$1.05B
For a thorough assessment of SLX stock, go to TipRanks’ Stock Analysis page.